Green Rock gains $5.4m grant for geothermal power

Perth-based renewable energy firm Green Rock has won $5.38 million in state government funding to put towards the development of its Mid West geothermal power project.


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Ahhh, another fine example of why Govt should not be subsidising energy projects of any kind, much less so-called "green" projects: if anyone who had investment funds to risk thought that evidence auggested geothermal would work (outside of, say, Rotorua, where there is an active volcano vent nearby), private investors would be all over the opportunity. But, no. Instead we have one more example of Govt destroying capital for the sake of pushing what is becoming a religious philosophy regarding energy generation. Sad.

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Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
500thCardinal Resources-23%59%
696thBlack Rock Mining-52%10%
714thOro Verde-55%-26%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

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328th↓Oro Verde$14k
329th↓Black Rock Mining$13k
330th↓Odin Energy$13k
331st↓Cardinal Resources$12k
512 listed resources companies ranked by revenue.
Source: Morningstar

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